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to recognize, look, john boehner is put on the table this notion of revenues and we think you can get that through growth. we think that you can get that through reforming the tax code. gregg: right. >> but we --. gregg: so you're telling me and the president and white house are just bluffing say, no deal on rates? >> well we've heard this. we heard he will get out of guantanamo. he would cut the deficit in half. all these sorts of things are declarations. but when it comes down to it i think the president does sign an extension because it is the smart move. look, the pathway to move forward is to reform the tax code. where there is such a high level of dissatisfaction, the opportunity is for the president to bring people together around the dissatisfaction and come up with a new, more competitive tax code. gregg: come january, here's what is going to happen. i want to put this up on the screen for our viewers. 158 million americans will be affected. after an average tax hike of $3500. that means that 88% of the households are going to be seeing their taxes go up. as you know, the cbo
. but he is open to alternatives just as long as the middle class does not get hurt. house speaker john boehner seems optimistic about these negotiations. >> we can all imagine a scenario where we go off the fiscal cliff. if, if despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class family as tax cut, then, middle class families will all end up having a big tax hike. >> there are no barriers here to sitting down and beginning to work through this process. i don't think anyone on either side of the aisle underestimates the difficulty that faces us. but i do think that the spirit of cooperation that you have seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, remain optimistic. i was born with a glass half-full. if i hadn't been i sure wouldn't be here. jon: so let's get to it. how close are we to the edge of that fiscal cliff? marjorie cl
for corporations and wealthy, double the amount that john boehner offered during negotiations next year. next, $120 billion. that's how deep in debt the federal government is. this puts us on track for the fifth straight year of a $1 trillion plus straight deficit all under president obama. 40 years, france having its worst champagne crop in four decades because of bad weather? but it shouldn't hurt bubbly supplies. at least for this new year. brian? >> brian: attorney general eric holder knew this past summer that the c.i.a. director, david petraeus, was part of an f.b.i. investigation into him. the white house claims they knew nothing until after the election. listen. >> how is it that the white house didn't have any idea of this until the day after the election? >> well, i would refer you to the f.b.i they have, as i understand it, protocols in place for when they notify the legislative and executive branches. it's simply a fact that the white house was not aware of the situation regarding general petraeus until wednesday and the situation regarding general allen until friday. >> brian: the prot
president obama won reelection . he holds the edge in the discussion right now . speaker of the house john boehner immediately saying he generally supportive of trying to close the loop holes. do you see that as raising taxes? >> what boehner said and in the republican position since republican we should reduce rates have economic growth many of which are put in by obama for the solyndra green-type energy programs. let's bring the rates down. boehner was clear he wanted increase revenues it is not a tax increase to put more americans at work. if our recovery was growing the rate reagans did more americans would be at work. in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from
, what house speaker john boehner faces as he tries to unify a deeply divided republican party, and all over congress they are deeply divided. he's trying to find compromise with the president before the country's finances go over the fiscal cliff. my credit card rewards are easy to remember. with the bankamericard cash wards credit card, i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas! no hoops to jump through. i earn more cash back on the things i buy most. [ woman in pet store ] it's as easy as... [ all ] one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of america near you. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what m
Search Results 0 to 4 of about 5